Former FTX Europe Head Acquires Titanic Watch for $1.5M Amid Legal Scrutiny

Patrick Gruhn, previously at FTX Europe, continues lavish spending with the purchase of a historic $1.5 million watch, despite ongoing legal controversies and settlements.

Patrick Gruhn, former head of FTX Europe, purchased a $1.5 million gold watch recovered from the Titanic, setting a record for Titanic memorabilia.
The watch, once owned by John Jacob Astor IV, symbolizes Gruhn's connection to historical figures and will be displayed in museums.
Despite settling a lawsuit with FTX’s bankruptcy estate, Gruhn faces criticism for his extravagant spending while former FTX customers await fund recovery.
Gruhn's lavish lifestyle includes a bulletproof Cadillac and salaries for multiple household staff, funded by alleged misappropriated FTX Europe funds.
Gruhn is currently building a crypto derivatives exchange in Europe and runs a Catholic television network in Germany.